The subject property is a Dollar General retail store located in the northern Kentucky town of Vanceburg. The property is on Fairlane Dr. near Highway AA, which runs from Alexandria, Kentucky (pop. of about 10,000) to Ashland Kentucky (pop of about 40,000). Vanceburg is the county seat of Lewis County. Lewis County is located in the Northern Kentucky River Region, about 90 miles northeast of Lexington, 70 miles southeast of Cincinnati, OH and less than 50 miles west of Huntington, WV. Other nearby cities include Portsmouth, OH (pop. of about 35,000), and Maysville, KY (pop. of about 30,000). Traffic generators include McDonald’s, BP Gas Station, First Community Bank, Citizens Deposit Bank, County Health Department, and The Human Resource Office. According to the Vanceburg Chamber of Commerce, Dollar General is known to all residents as “Vanceburg’s WalMart”.

Tenant: Dollar General
Dollar General is a Fortune 500® discount retailer with 8,205 stores as of June 1, 2007. Dollar General stores offer convenience and value to customers, by offering consumable basic items that are frequently used and replenished, such as food, snacks, health and beauty aids and cleaning supplies, as well as a selection of basic apparel, housewares and seasonal items at everyday low prices. The Company stores are concentrated in under served rural and urban neighborhoods. Thirty percent of their merchandise is priced at $1 or less. Dollar General Corporation operated as a public company from 1968 until July 6, 2007. At that time, an investment group consisting of affiliates of Kohlberg Kravis Roberts & Co. L.P. (KKR), GS Capital Partners (an affiliate of Goldman Sachs), Citi Private Equity and other co-investors completed an acquisition of Dollar General Corporation for a total enterprise value of $7.3 billion.